BSEAllcargo Gati LtdHighNeutral
Announced Fri, 14 Nov · 23:52 IST

As per letter attached.

Emphasis Of MatterResults RestatedAuditor Mid Year ChangeResults View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The National Company Law Tribunal (NCLT), Mumbai Bench sanctioned the Composite Scheme of Arrangement and Amalgamation on October 10, 2025, making it effective from November 1, 2025. Under this scheme, Allcargo Gati Limited has been amalgamated into Allcargo Logistics Limited and has ceased to exist as a separate legal entity. The Board of Allcargo Logistics approved the unaudited standalone and consolidated financial results of Allcargo Gati for Q2 and H1 FY26 (ended September 30, 2025), which will now form part of Allcargo Logistics' consolidated financials. The Managing Director & CEO, CFO, and Company Secretary of Allcargo Gati ceased to hold their positions effective November 1, 2025 due to the amalgamation. The auditor's limited review report includes emphasis-of-matter notes on the scheme's accounting treatment overriding Ind AS and on an Income Tax search operation conducted during Q4 FY25.

Likely market impact

Allcargo Gati shareholders are now shareholders of the combined Allcargo Logistics Limited entity; the stock may see a change in trading identity or get delisted as a separate entity going forward. The amalgamation consolidates the logistics businesses under one listed parent, which could simplify the group structure but removes Allcargo Gati as a standalone listed investment.